BIG STEEL LABELED MAJOR BREAKOUT on stockteam1 YAHOO GROUP on APRIL 4
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Major breakout of big steel Message List
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Re: Major breakout of big steel
On the daily fractal the steel producers index $STQ came to test the
89 EMA for suppport in mid March. the index itself triggered a re-
entry when it took out 680 on Tuesday.
The weekly fractal maintains an entry position that was triggered
when it broke 625.
One of the key components to the fractal stage analysis is how it
allows use to trade in and with the day fractal and maintain a
position on the weekly.
A long term investor would trade using the monthly fractal. This has
never triggered an exit since the entry in July 2005.
Vick
Fri Apr 4, 2008 2:47 pm